XML 117 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest and fees on loans:              
Taxable $ 6,373 $ 6,014 $ 12,654 $ 11,903 $ 24,295 $ 23,197 $ 21,627
Tax-exempt   28 23 55 105 116 147
Interest on securities:              
Taxable 244 241 481 481 961 948 1,162
Tax-exempt 14 6 27 13 34 27 28
Other interest income 32 32 80 63 128 139 108
Total interest income 6,663 6,321 13,265 12,515 25,523 24,427 23,072
INTEREST EXPENSE:              
Deposits 800 886 1,622 1,763 3,468 3,946 4,530
Borrowings 204 166 391 327 656 657 613
Total interest expense 1,004 1,052 2,013 2,090 4,124 4,603 5,143
Net interest income 5,659 5,269 11,252 10,425 21,399 19,824 17,929
Provision for loan losses 191 100 374 475 1,675 945 2,300
Net interest income after provision for loan losses 5,468 5,169 10,878 9,950 19,724 18,879 15,629
OTHER INCOME:              
Deposit service fees 192 175 349 337 667 699 832
Income from loans sold on secondary market 139 279 242 578 1,028 1,390 700
SBA/USDA loan sale gains 166 554 548 663 951 1,176 1,500
Mortgage servicing income 89 182 102 285 790 417 400
Net security gains (losses)       15 73   (1)
Other 64 61 100 146 429 361 225
Total other income 650 1,251 1,341 2,009 3,938 4,043 3,656
OTHER EXPENSE:              
Salaries and employee benefits 2,523 2,375 5,064 4,681 9,351 8,288 7,275
Occupancy 546 363 1,084 745 1,481 1,372 1,376
Furniture and equipment 303 255 622 525 1,102 885 827
Data processing 288 268 574 533 1,071 991 761
Professional service fees 276 320 607 545 1,069 1,196 756
Loan and deposit 83 45 162 118 617 877 1,137
Writedowns and losses on other real estate held for sale 14 87 14 89 265 489 1,137
FDIC insurance assessment 90 95 175 200 385 459 849
Telephone 82 63 164 145 303 233 215
Advertising 123 111 230 215 436 376 351
Other 570 541 1,309 1,038 2,048 1,591 1,285
Total other expenses 4,898 4,523 10,005 8,834 18,128 16,757 15,969
Income before income taxes 1,220 1,897 2,214 3,125 5,534 6,165 3,316
Provision for (benefit of) for income taxes 414 637 748 1,052 (403) (922) 1,098
NET INCOME 806 1,260 1,466 2,073 5,937 7,087 2,218
Preferred dividend and accretion of discount   63   200 308 629 766
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 806 $ 1,197 $ 1,466 $ 1,873 $ 5,629 $ 6,458 $ 1,452
INCOME PER COMMON SHARE:              
Basic (in dollars per share) $ 0.15 $ 0.22 $ 0.27 $ 0.34 $ 1.01 $ 1.51 $ 0.42
Diluted (in dollars per share) $ 0.14 $ 0.22 $ 0.26 $ 0.34 $ 1.00 $ 1.51 $ 0.41